Cost of Living in Carteret, NJ
Population: 25,187 • 2026 Data
$87,553
Median Household Income
+13% vs national
$2,012
Median Monthly Rent
+49% vs national
$370,200
Median Home Value
+9% vs national
8.8%
Unemployment Rate
Housing in Carteret
The median home value in Carteret, NJ is $370,200. Monthly rent for a typical unit averages $2,012, while total monthly housing costs (including utilities and insurance) average $1,876.
Rent-to-income ratio: 27.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Carteret, NJ is $87,553. The unemployment rate stands at 8.8%, with a labor force of 13,112 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.